Using a representative sample of European firms, we study whether financing constraints affect employers' investments in employee training and physical capital differently. We measure financing constraints with an index that combines survey and balance sheet data. We instrument this index with...

Using a representative sample of European firms, this paper studies whether and to what extent financing constraints affect employers' decisions to invest in employee training. It combines survey data on investment activities with administrative data on financial statements to develop an index...

Using a representative sample of European firms, we study whether and to what extent financing constraints affect employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on financial statements to develop an index of financing...

We study the contribution of health-related behaviors to the health education gradient by distinguishing between short-run and long-run mediating effects: while in the former only behaviors in the immediate past are taken into account, in the latter we consider the entire history of behaviors....

We find that the protective effect of years of schooling on the BMI of European females is non negligible, but smaller than the one recently found for the US. By using individual standardized cognitive tests instead of years of schooling as the measure of education we show that the current focus...

We use the compulsory school reforms implemented in European countries after the II World War to investigate the causal effect of education on the Body Mass Index (BMI) and the incidence of overweight and obesity among European females. Our IV estimates suggest that years of schooling have a...